Foreign Bank & Financial Accounts (FBAR) & Form 8938

This course will provide an in depth review of the Foreign Account Tax Compliance Act (FATCA) and the required reporting for those taxpayers holding foreign assets, as well as the Foreign Bank Account Report Form. In this course, we will:

- Review the statutory provisions requiring reporting and key concepts for each form
- Review the forms by section and review key instructions and exceptions
- Discuss the IRS’ and Treasury’s stance on reporting digital asset/crypto on these forms
- Review filing requirements and how to avoid costly mistakes and large penalties
- Review available options for remediation

2 IRS CE/2 NASBA CPE Credits